November 11, 2014

Entropy update: What the elite think about you

 MIT economist Jonathan Gruber is considered an architect of Obamacare. This is a comment from Gruber on a panel discussion

This bill was written in a tortured way to make sure CBO did not score the mandate as taxes. If CBO scored the mandate as taxes, the bill dies. Okay, so it’s written to do that. In terms of risk rated subsidies, if you had a law which said that healthy people are going to pay in – you made explicit healthy people pay in and sick people get money, it would not have passed.

Lack of transparency is a huge political advantage. And basically, call it the stupidity of the American voter or whatever, but basically that was really really critical for the thing to pass. Look, I wish Mark was right that we could make it all transparent, but I’d rather have this law than not.

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